Basketball Lifts Illinois Sports Betting to Record-Breaking March

Basketball Lifts Illinois Sports Betting to Record-Breaking March
Fact Checked by Michael Peters

The Ides of March were kind to Illinois sports betting apps, with the state setting a new handle record during the month.

Overall, the Prairie State raked in $1,072,701,361in wagers during the month, surpassing January’s state record of $1,070,033,292.

The handle total for March represented a 22.5% month-over-month increase from the $875,387,789 the state’s sportsbooks received in February and a 10.4% jump year-over-year (from $971,278,389 in 2022).

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The IL sports betting revenue figure in March came in at $97,159,642, up 42% from February and 60.3% year-over-year (from $60,629,327 in 2022). March’s revenue figure was the second biggest in state history, behind the $102,088,548 delivered in October 2022.

Overall, the state’s sports betting tax haul of $15,730,312 was up 42.4% from February’s total of $11,046,351, putting a final touch on a historic month.

The top sports for Illinois bettors in March were basketball ($509,290,178), tennis ($80,152,797), soccer ($41,446,963), hockey ($35,531,721) and baseball ($16,226,770). Other sports handle wrapped up at $55,563,058, while Illinois’ parlay handle wound up being $292,443,125.

Illinois Sports Betting Handle, March vs. February

Total handleMobile HandleRevenue
March$1.073B$1.037B$97.160M
February$875.388M$847.357M$68.423M
Change Up 22.5% Up 22.5% Up 42.0%

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Where Illinois’ March Handle Ranks Nationally

So far, Illinois’ March sports betting handle ranks second nationally, behind New York’s total of $1.792 billion and ahead of New Jersey’s $1.025 billion haul.

Illinois finished ahead of Nevada ($829.842 million) and Pennsylvania ($723.545 million), while newcomer Ohio ranked between those two, at $738.613 million during the third month of the year.

Through the first quarter of the year, Illinois sportsbooks have taken in 19.9% more in sports betting handle ($3,018,122,442) compared to the same period last year ($2,518,158,083).

Of Illinois’ five $1 billion handles, two have come in the first quarter of 2023, while the other three came in October ($1,029,615,448), November ($1,029,615,448) and December ($1,028,471,257) of last year.

The state ranks third nationally when it comes to the number of $1 billion handles, at five, coming in behind New York (14) and New Jersey (11), while ranking ahead of Nevada (four) and Ohio (one).

Illinois retail casinos had revenue of $131.0 million in March and $128.1 million in April. Legislation to approve online gambling in Illinois didn’t make much progress during the 2023 General Assembly session.

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Author

Christopher Boan is a lead writer at IllinoisBet.com specializing in covering state issues. He covered sports and sports betting in Arizona for more than seven years, including stops at ArizonaSports.com, the Tucson Weekly and the Green Valley News.

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